Cryptocurrency News

October 14 Hot Topics:

1. 0xbow launches tools to help Tornado Cash users separate from illegal funds.

2. Ethereum stablecoin activity hits a new high, with over 1 million unique sending addresses in the past two weeks.

3. Kenya passes a virtual asset bill, aiming to establish a cryptocurrency investment portal in Africa.

4. WazirX receives approval from the Singapore High Court for debt restructuring, expected to resume operations within 10 working days.

5. Citibank plans to launch cryptocurrency asset custody services next year.

Trading Insights

Analysis of the 8 Stages of Bottom Fishing in the Cryptocurrency Market: Which step are we currently in?

1. First Stage: Confidence Boom Period - The atmosphere in the group is enthusiastic, everyone is full of confidence, making grand plans, promoting actively every day, all believing they are "doing great things."
2. Second Stage: Confidence Weakening Period - Cryptocurrency prices enter a sideways trend, growth stagnates, confidence in the group declines, but some still push forward, not completely giving up hope.
3. Third Stage: Initial Bottom Fishing Period - Prices start to drop, most believe it’s a "buying opportunity," and actively increase their positions.
4. Fourth Stage: Weak Bottom Fishing Period - Prices continue to fall, initial bottom fishing funds are exhausted, people can no longer buy, discussions in the group decrease, and enthusiasm for pushing forward significantly cools.
5. Fifth Stage: Negative Outburst Period - Negative emotions spread in the group, voices of blame and insults towards the project team emerge, dissatisfaction is concentrated and released.
6. Sixth Stage: No One Cares Period - Almost zero discussions in the group, insults disappear—most have cut losses and are completely indifferent to project developments.
7. Seventh Stage: Faith Shattered Period - Prices continue to oscillate at low levels, eroding the last remaining faith of retail investors, with some being forced to cut losses.
8. Eighth Stage: Recovery Takeoff Period - The market begins to recover, the market makers test the waters (pulling up sharply) to observe retail investor reactions; after repeated testing, retail investors dare not chase the rise, and market makers initiate a real upward trend.

Key Question: Which stage are we currently in?

This needs to be assessed based on the specific cryptocurrency's price trend (whether it is in a low-level sideways trend or continuously falling), community activity (volume of discussions/emotions), and retail investor behavior (whether they are still bottom fishing or have exited).

Comprehensive judgment:

1. If there are still insults in the community and some are observing, it is likely in the 5th-6th stage;
2. If it is in a low-level sideways trend and the community is silent, it may be in the 7th stage;
3. If there is a test pull-up and retail investors dare not chase, it may have entered the early stage of the 8th stage.

LIFE IS LIKE

A JOURNEY ▲

Below are the actual trading signals from the Big White Community this week. Congratulations to the coin friends who followed along. If your operations are not going smoothly, you can come and test the waters.

Data is real, and each trade has a screenshot from the time it was sent.

**Search for the public account: *Big White Talks Coins*

BTC

Analysis

Bitcoin's daily line rose from a low of around 113,600 to a high of around 115,900 yesterday, closing around 115,100. The support level is around 111,000; if it breaks, it could drop to around 108,350. A pullback can be bought near this level. The resistance level is around MA90; if it breaks, it could rise to around 116,400. A rebound near this level can be sold short. MACD shows increasing bearish momentum. The four-hour support level is around 111,800; if it breaks, it could drop to around 110,300. A pullback can be bought near this level. The resistance level is around MA30; if it breaks, it could rise to around MA120. A rebound near this level can be sold short. MACD shows decreasing bullish momentum.

ETH

Analysis

Ethereum's daily line rose from a low of around 4,040 to a high of around 4,290 yesterday, closing around 4,240. The support level is around 4,015; if it breaks, it could drop to around 3,865. A pullback can be bought near this level. The resistance level is around MA30; if it breaks, it could rise to around MA60. A rebound near this level can be sold short. MACD shows increasing bearish momentum. The four-hour support level is around 4,020; if it breaks, it could drop to around 3,900. A pullback can be bought near this level. The resistance level is around 4,180; if it breaks, it could rise to around MA120. A rebound near this level can be sold short. MACD shows decreasing bullish momentum.

Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If you have any questions, feel free to consult.

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